October 13, 2020
IDB Invest, part of the Inter-American Development Bank (IDB), plans to sell MXN2 billion ($94.3 million) worth of bullet bonds in the Mexican market, S&P Global said in a report on Monday.
S&P said IDB Invest will base the three-year notes on the TIIE interbank lending rate, but it did not say how the Washington DC-based multilateral lender will use the proceeds. The rating agency assigned the upcoming notes an mxAAA rating on the local scale.
IDB Invest has pledged to provide up to $7
US-based multilateral lender plans to raise $94 mln in pesos after printing its first notes in Aussie dollars